Uranium Royalty Corp. Completes Acquisition of Additional Royalty on the Churchrock Uranium Project, New Mexico, USA

Uranium Royalty Corp (NASDAQ: UROY) (TSX: URC) has completed the acquisition of an additional royalty on a portion of the Churchrock uranium project in New Mexico, USA. The project, owned by Laramide Resources , is an advanced stage, in-situ recovery uranium project located in the Grants Mineral Belt. The newly acquired royalty is structured as a 6% Gross Overriding Royalty on the ‘Mine Price’, covering 10 patented mining claims in Section 8 property (640 acres). URC paid US$3.5 million in cash for this royalty. The Churchrock Project is considered one of the largest and highest-grade undeveloped ISR uranium projects in the United States , potentially offering significant value to URC’s portfolio.

Positive Acquisition of additional royalty on a promising uranium project

Royalty covers 640 acres of patented mining claims

Project is one of the largest and highest-grade undeveloped ISR uranium projects in the US Strategic expansion in the Grants Mineral […]

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